post-obit bond

NOUN
14 LETTERS · STARTS WITH P

post-obit bond is a valid 14-letter word worth 19 points in Scrabble and 23 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
P3O1S1T1-0O1B3I1T1B3O1N1D2
3 + 1 + 1 + 1 + 0 + 1 + 3 + 1 + 1 + 0 + 3 + 1 + 1 + 2 =19 PTS
DOUBLE WORD → 38TRIPLE WORD → 57
MEANING

What does post-obit bond mean?

NOUN · 1 SENSE
1

A bond made by a reversioner to secure a loan; payable out of his reversion.